BY THE YEAR 2015 SOVEREIGN WEALTH FUNDS ARE PROJECTED TO REACH $15 TRILLION.

If we and our governments don’t wake up to these funds and get away from the perception that they are as Saviors of the Western Financial system they will not only privatize everything, but they will lay the foundations for future world conflicts.

At best globalization is a lopsided process.

Why should we allow governments to transfer ownership of business, public services and national resources to the Private sector by sales in whole or part to foreign government – controlled firms or Investment Funds.

There must be a comprehensive International Agreement governing all types of cross-border investments by Governments.

You only have to look at the recent sale of the Royal Mail in the Uk a national asset.

Abu Dhabi Investment Authority, billionaire investor George Soros and activist hedge fund Third Point were among the 16 investors given preferential treatment.  City fund manager Threadneedle received the highest allocation – about 19.5m, equivalent to a 2% stake – and Third Point, the US hedge fund led by activist investor Daniel Loeb, the smallest at 5m – 0.5% of the company.

The list of 16 priority investors included strange beasts who would not fit anybody’s definition of cuddly, reliable, long-term types. Long term my arse they cashed in.  Even the investment arm of the government’s advisers at City firm Lazard had made an £8m profit selling shares in the first week. The privatisation rush will cost taxpayers dearly.

Now I know that there are more pressing problems in the world, wars, starvation, climate change, inequality, technology wast lands, most of which can only be resolved by applying a World Aid commission on all stock exchange transactions.

This which can only be achieved by people’s power demanding such before we are all commodities.